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Lance Roberts highlights that the GS sales desk has observed a notable combination of strong earnings and negative market positioning. S&P 500 EPS increased by approximately 30% year-on-year in Q2, yet both AAII and GS’s Sentiment Indicator show persistent bearish sentiment.
Roberts also points out that NDX short positions have climbed 35% since June.
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Roberts recently delivered a detailed market update reviewing Nvidia's earnings report for August 2026. In a separate analysis, he explained that the Federal Reserve’s use of dollar swap lines does not equate to a bailout for Japan. These previous insights add to his ongoing coverage of macroeconomic and trading developments.